ISLAMABAD: Raising objections over the long-term power plan, the Private Power & Infrastructure Board (PPIB) has advocated an end to LNG-based projects in future, proposing their replacement with hydropower and bulk induction of plants based on local coal with an additional Chinese investment. In its comments over the 27-year Integrated Generation Capacity Expansion Plan (IGCEP 2020-47), the PPIB has argued…
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ISLAMABAD: In Pakistan, we have an entrenched cross-subsidy system, implemented through a cascaded tariff. It operates both in electricity and gas tariffs. There are on average five to six slabs in the residential tariff. Low consumption consumers pay a lower tariff and high energy consumers bear a higher tariff. For example, in case of electricity, the small consumer consuming 50-100…
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ISLAMABAD: The political economy influences decision-making, which undermines the performance of economy and results in politicising of the economic priorities. Although all sectors of the economy are bearing the brunt of this situation, the energy sector has been impacted the most. The story of politicising the energy sector started after a World Bank report in the 1960s, which emphasised the…
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Good news is in short supply during any crisis, and this one has been no exception. The energy industry is being pummeled to the ground by low oil and gas prices, crippled demand for hydrocarbons, and unfriendly banks. But there is one part of this space generating good news: renewables. And, more specifically, wind power. Often in the shadow of cheap…
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United States President Donald Trump wore a mask during a visit to a military hospital on Saturday, the first time the president has been seen in public with the type of facial covering recommended by health officials as a precaution against spreading or becoming infected by the novel coronavirus. Trump flew by helicopter to Walter Reed National Military Medical Center…
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Bollywood superstar Amitabh Bachchan, his son and two other family members have tested positive for the coronavirus in Mumbai, India’s financial and entertainment capital, a government minister said Sunday. The Nanavati Super Speciality Hospital said that Amitabh Bachchan was in stable condition with mild symptoms in an isolation unit. Bachchan, 77, said in a tweet Saturday that he had tested…
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Florida reported a record increase of more than 15,000 new cases of Covid-19 in 24 hours on Sunday, a day after Walt Disney World in Orlando reopened and anti-mask activists held a rally at a nearby restaurant. If Florida were a country, it would rank fourth in the world for the most new cases in a day behind the United…
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China returned to growth in the second quarter after the coronavirus pandemic handed the world’s second largest economy its first contraction in decades, according to an AFP poll of analysts. The survey of analysts from 11 institutions pegged China’s growth at 1.3 percent — a far cry from the 6.1 per cent expansion posted last year but in better shape than other…
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Pakistan Railways Minister, Sheikh Rashid said that Main Line-1 Project under CPEC to revamp entire structure of Pakistan Railways. Speaking at a press conference, Railways minister termed the project as ‘revolutionary’ and was of the view that project will significantly reduce railway accidents. He said that under the agreed terms, during construction phase total 150,000 people would work on project…
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ISLAMABAD: The Ministry of Energy (Power Division) on Sunday categorically rejected K-Electric’s version of not being supplied ample fuel to meet the energy demands of Karachi. Earlier this week, KE CEO Moonis Alvi during a public hearing held by the National Electric Power Regulatory Authority (NEPRA) had said the company’s plants ran out of oil due to which it had…
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